Schneider Electric and Brincs announce accelerator program

Schneider Electric and Brincs announce accelerator program

Schneider Electric announced an accelerator program for entrepreneurs, in partnership with Brincs, an accelerator and venture capital firm, said the company in a press release today. The program will provide $125,000 of funding, an additional sum as credits that can be used against services from Brincs, and access to Schneider Electric’s customers, mentorship, and market knowledge.

Selected startups will undergo a 3-month program, a month of which will be in Hong Kong, while the rest can be done remotely. The program is for startups that deal with electric energy and industrial IoT (Internet of Things). Applications for the program are open till August 10.

“We’re excited to partner with Brinc to find the next disruptive idea in energy and industrial automation,” said Rodolphe Heliot, vice-president (Business Incubation) at Schneider Electric. “We are particularly interested in technology accelerating the convergence between information technology (IT) and operational technology (OT).”

About Schneider Electric

Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.